Samsung CEO steps down

SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) – A surprise farewell announcement by a Samsung Electronics chief executive officer on the day the tech giant paraded another record-quarterly profit last week signals a generational shift within the tech giant leadership and also a change into a technology-focused, business-to-business company from a copycat appliance maker, experts in Seoul said on Sunday (Oct 15).

Mr Kwon Oh Hyun, who led Samsung Electronics’ thriving chip business and has recently emerged as the public face of the tech giant, said last Friday that he will voluntarily step down from the post and would not retain his job as the head of board room that expires in March.